Petro River Oil Corp. (OTCPK:PTRC) announced a private placement of units for gross proceeds of $3,000,000 led by Scot Cohen on February 1, 2019. The units consists of Series A Preferred Stock, warrants to purchase common stock and net profit interest in the new drilling program. The transaction included participation from existing shareholders and debt holders of the company. As part of the transaction, Scot Cohen will invest $1,000,000 in the transaction.